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This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Board
Discretion to Implement the Reverse Stock Split
Amendment
If the reverse stock split is approved by our stockholders, it
will be effected, if at all, only upon a determination by our
board of directors that a reverse stock split (at a ratio
determined by the board of directors as described above) is in
the best interests of the company and the stockholders. The
board of director’s determination as to whether the reverse
stock split will be effected and, if so, at what ratio, will be
based upon certain factors, including existing and expected
marketability and liquidity of our common stock, prevailing
market conditions and the likely effect on the market price of
our common stock. If our board of directors determines to effect
the reverse stock split, the board of directors will consider
various factors in selecting the ratio including the overall
market conditions at the time and the recent trading history of
the common stock.
Table of Contents
This excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Board
Discretion to Implement the Reverse Stock Split
Amendment
If the reverse stock split is approved by our stockholders, it
will be effected, if at all, only upon a determination by our
board of directors that a reverse stock split (at a ratio
determined by the board of directors as described above) is in
the best interests of the company and the stockholders. The
board of director’s determination as to whether the reverse
stock split will be effected and, if so, at what ratio, will be
based upon certain factors, including existing and expected
marketability and liquidity of our common stock, prevailing
market conditions and the likely effect on the market price of
our common stock. If our board of directors determines to effect
the reverse stock split, the board of directors will consider
various factors in selecting the ratio including the overall
market conditions at the time and the recent trading history of
the common stock.
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